The 364-days paper yield rose marginally to 11.004 per cent from 11 per cent.

“The shilling weakness has also stripped off the regulator ammunition of injecting liquidity in the market (via repos). As we approach year-end, we expect the shilling to gain ground as remittances continue rising and corporate greenback demand abate. We are thus expecting normalcy in the Treasury bills segment as soon as the CBK resumes its liquidity-injecting activities,” said Genghis Capital.

The 91-days paper attracted bids of Sh1.76 billion, which was absorbed by the Treasury, against a target of Sh4 billion. This represented a 44.2 per cent subscription rate.

The 182-days paper received bids worth Sh9.1 billion against a target of Sh10 billion, a 91.1 per cent performance rate. The Treasury accepted Sh9 billion from the bids.

The 364-days paper had bids worth Sh6.5 billion against a target of Sh10 billion.